Recommendation

Want to access this article for free?

Elders has released a worse than expected result for the half-year ending 31 March. Earnings before interest and tax (EBIT) in the key rural services division swung to an underlying loss of $7.7m, from a profit of $21.1m in the prior period. Meanwhile, earnings from its automotive division fell 7% to $5.0m, despite tepid revenue growth of 3% (see Table 1).

Related Research

Latest Q&A With Our Experts

Elders hybrids - what am I missing? Elders has offered to buy back the hybrids at $95 (face value $100) and stated it intends to start paying dividends on the ordinary shares. The hybrids are currently a dividend blocker until distributions are pa...

Hi, I had held the few ELDPA that I owned and notice they are now up over $80. Can you give me a reminder of the maximum upside with these. ie. do they have an expiry or what do Elders do with them if dividends start again ? Thanks for all the gre...

InvestSMART Publishing Pty Ltd holds Australian Financial Securities Licence (AFSL) 282288.
The content of this website is general in nature and does not take the personal situation of any user of this website into consideration.
A user of this website should seek financial advice specific to that user’s situation before making any financial decision.
Past performance of any security or financial product is not a reliable indicator of future performance. InvestSMART Publishing Pty Ltd
encourages users of this website to view investing as a long-term pursuit.